subject
Business, 04.03.2021 21:30 marithatkid

During the months of November and December 2014, Comfy Home had the following transactions related to holiday wreaths: November 1, 2014 - purchased 40 wreaths for $15 each Between November 2 and November 29, 2014 - sold $1,000 worth of wreaths for a sales price of $50 each November 30, 2014 - purchased 85 wreaths for $20 each Between December 1, 2014 and December 31, 2014 - sold $5,000 worth of wreaths for a sales price of $50 each If Comfy Home uses the LIFO method for recording their inventory, what is the amount transferred to the cost of goods sold account during the month of December 2014

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:40
Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.
Answers: 1
question
Business, 22.06.2019 19:50
The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively
Answers: 1
question
Business, 22.06.2019 19:50
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
question
Business, 22.06.2019 20:00
Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?
Answers: 1
You know the right answer?
During the months of November and December 2014, Comfy Home had the following transactions related t...
Questions
question
Chemistry, 16.12.2020 18:20
question
Mathematics, 16.12.2020 18:20
question
Mathematics, 16.12.2020 18:20
Questions on the website: 13722363